Israel/Palestine
Related: About this forumIsrael’s Most Important Source of Capital: California
Last Saturday between one and two thousand protesters marched on the Port of Oakland to blockade one of its busy marine terminals and prevent an Israeli ship from docking. After confronting a line of police guarding the waterfront the protesters declared victory; the Zim Lines vessel hovered offshore, afraid to dock, they said, and port workers wouldnt be unloading its cargo.
One protester, looking beyond the line of police guarding the port, explained that the purpose of the action was to impede the flow of capital. Stopping one of Zims shipsthe companys vessels arrive in Oakland about four times a month, according to Zims web sitewas a small, but real economic blow against Israel.
But if its a matter of stopping the flow of capital, the ports are a relatively small conduit of trade between California and Israel. For over 20 years Californias technology industry has been channeling billions of dollars to finance the growth of Israeli tech firms. In that time, tech has become a key sector for Israels economy. The flow of capital between California and Israel is digital, transmitted as currency and intellectual property. And this flow of capital occurs mostly through the decisions of a small number private equity firms and perhaps as few as a dozen large corporations. These flows of capital supporting Israels economy are less susceptible to social movement pressure.
The amount of support of for Israels economy originating from Silicon Valleys private equity firms is especially large. In 2001, during the first year of the Second Intifada, Sequoia Capital Partners, a private equity company headquartered in Menlo Park, raised $150 million to invest in Israeli technology companies. This was Sequoias second Israel-focused venture capital fund. Last year Sequoia raised its fifth Israel-dedicated fund, totaling $215 million. Since 1999 Sequoia Capital has injected over $789 million into Israels software and electronics industries. Much of this money managed by Sequoia Capital was contributed by California investors, including major tax-exempt institutions like the J. Paul Getty Trust, and the Gordon and Betty Moore Foundation.
http://www.globalresearch.ca/israels-most-important-source-of-capital-california/5409123
King_David
(14,851 posts)Scootaloo
(25,699 posts)Dunno what your post means.
Scootaloo
(25,699 posts)King_David
(14,851 posts)Sure !
NaturalHigh
(12,778 posts)The "blockade" (or whatever) was pretty stupid.
King_David
(14,851 posts)Israeli
(4,165 posts)Would you like to read more ?
Here you go .....
http://www.alternativenews.org/english/index.php/activism/bds/3-photos-bds-victory-as-vancouver-blocks-israeli-ship
King_David
(14,851 posts)It was all about how that was ineffective.
Are you wanting harm on your own economy ?
( If that is indeed where you live)
azurnoir
(45,850 posts)manufacturing albeit with that also go jobs and sadly California in particularly Southern California has one of the highest unemployment rates in the country still close to 10% in some areas but as you told us these things can't be made in the US because of the lacking of expertise among American workers
http://www.democraticunderground.com/?com=view_post&forum=1134&pid=82650
King_David
(14,851 posts)in stoping flow of capital and investment into Israel .
"
But if its a matter of stopping the flow of capital, the ports are a relatively small conduit of trade between California and Israel. "
I never saw such blockades against any other Non Jewish states , no matter what their politics.
azurnoir
(45,850 posts)equating every settler to Moshe Feiglin and both are/would be wrong, inaccurate, and a few other less polite things
King_David
(14,851 posts)Don't boycott heinous non Jewish states now... Do they ?
Well there's reasons .
Israeli
(4,165 posts)It is indeed where I live .
It is about ending the occupation King_David.
Have you never heard of ' Boycott from Within ' ??
Let me educate you :
Boycott from Within is a group of Israeli citizens that supports the Palestinian call for Boycott, Divestment and Sanctions (BDS). The AIC sat down with Israeli activist Ofer Neiman to discuss the Boycott from Within movement, its goals and what impact he thinks it will have on ending the Israeli occupation. For more information, visit http://alternativenews.org